Needham analyst Alex Henderson maintained a Buy rating on Varonis Systems (VRNS – Research Report) today and set a price target of $35.00. The company’s shares closed last Friday at $26.37.
According to TipRanks, Henderson is a 5-star analyst with an average return of 15.4% and a 50.35% success rate. Henderson covers the Technology sector, focusing on stocks such as Ceragon Networks, Extreme Networks, and Arista Networks.
Varonis Systems has an analyst consensus of Strong Buy, with a price target consensus of $40.75.
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VRNS market cap is currently $2.9B and has a P/E ratio of -21.41.
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Varonis Systems, Inc. engages in providing data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns. The company was founded by Yaki Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.
Read More on VRNS:
- Varonis announces force multiplier for Salesforce admins
- Varonis Unveils One-Click Permissions Comparison and Analysis for Salesforce
- Varonis to Present at September Investor Conferences
- Daniel Ives sees plenty of reasons to stay bullish on tech stocks; Here are 2 names to watch
- Varonis Showcases Data-First Security for Salesforce and AWS at Black Hat USA 2022
